XRP Trading Volumes Surges to Billions of Dollars on South Korean Crypto Exchanges
[Mar 30, 2023 2:52 AM] XRP trading made up nearly 50% of all volumes on Korbit, a prominent local exchange.
11 / 12 Relevant items tagged with #SouthKorea
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US and South Korea requested extradition of Terra co-founder Do Kwon — Montenegro justice minister
[Mar 29, 2023 10:04 AM] Do Kwon may have to serve time in Montenegro if convicted of charges related to forged identification documents before any extradition to the U.S. or South Korea is granted.
Do Kwon Extradition Sought by U.S., South Korea, Montenegro Justice Minister Says
[Mar 29, 2023 5:53 AM] Marko Kovac said the Terraform Lab founder's extradition proceedings would follow a criminal case for ID document forgery
North Korea Hackers Likely Exploit Cloud Mining to Launder Stolen Crypto, Research Shows
[Mar 28, 2023 9:00 AM] The APT43 group steals crypto to fund operations and launders it through cloud mining services.
Report: Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro
[Mar 26, 2023 12:30 PM] According to the Montenegro-based newspaper Vijesti, Do Kwon, the co-founder of Terraform Labs, also known as Kwon Do-hyung, is appealing the detention extension ordered by a Montenegrin court. Kwon was arrested on March 23, 2023, after being…
Do Kwon to reportedly appeal against court’s decision to extend detention
[Mar 26, 2023 3:51 AM] A legal representative of Kwon confirmed the appeal against the Montenegrin court’s decision to detain the entrepreneur for 30 days longer than usual.
Terraform Labs CEO Do Kwon Faces Extradition to South Korea
[Mar 24, 2023 1:30 PM] According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the…
Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday
[Mar 19, 2023 1:30 PM] Bitcoin reached a high of $28,422 per unit on Sunday at around 3 p.m. Eastern Time as the leading cryptocurrency has continued to rise during the last week. Since last Sunday, bitcoin has increased in value by 37.9% against the U.S. dollar, and the…
Dubai Free Trade Zone Partners With South Korean Companies to Expand Web3 and Metaverse Business
[Mar 17, 2023 6:30 PM] The Dubai Multi Commodities Centre, one of the biggest free trade zones in the world, signed agreements with governments and companies in South Korea to bring more Web3 and metaverse businesses to the emirate. The objective of this move is to…
Crypto Biz: SVB collapses, USDC depegs, Bitcoin still up
[Mar 17, 2023 12:00 PM] Turmoil in traditional finance spilled over into Bitcoin and crypto markets, forcing federal regulators to step in.
Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse
[Mar 14, 2023 8:00 AM] The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from…
FBI, NY authorities probes collapse of TerraUSD stablecoin: Report
[Mar 13, 2023 6:47 PM] The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia.
South Korea launches ‘Metaverse Fund’ to expedite domestic initiatives
[Mar 12, 2023 4:50 AM] With the help of the Metaverse Fund, South Korea will support the mergers and acquisitions of various firms from the metaverse ecosystem.
South Korea Doubles Down on Metaverse, Announces $51 Million Investment in Related Projects
[Mar 11, 2023 5:30 AM] The Ministry of Science and ICT of South Korea has approved investments of $51 million in various metaverse projects, doubling down on its metaverse bet for the future. The investment includes a fund for supporting the growth of metaverse companies…
South Korea saw over $4B unregistered crypto transactions in 2022
[Mar 7, 2023 6:36 AM] The money was primarily aimed at buying foreign crypto assets to sell on the domestic market.
South Korea’s Kimchi premium turns to discount
[Feb 19, 2023 11:49 PM] The "Kimchi premium" has flipped to discount again, and could be saying something about crypto market sentiment, at least in South Korea.
Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs
[Feb 17, 2023 12:11 AM] Delphi Lab's general counsel said the SEC was being "more thorough than usual" in its lawsuit against Terraform Labs and its co-founder Do Kwon.
South Korea Plans A Key Arrest Relating To Terra (LUNA) Crisis
[Feb 16, 2023 5:28 AM] The implosion of Terra (LUNA) was one of the devastating events in the crypto space last year. Investors lost most of their funds worth billions of dollars, and other crypto asset prices plunged drastically. Subsequently, South Korean prosecutors…
South Korea to examine crypto staking services following the Kraken case
[Feb 15, 2023 4:15 AM] No details on the timeline and methods of the examination were provided, but reportedly it would be conducted moderately as no wrongdoings have been registered in the country.
Regulation comes for crypto staking: Law Decoded, Feb. 6–13
[Feb 13, 2023 3:15 PM] Even the SEC Commissioner has publicly rebuked her agency over the shutdown of Kraken’s crypto staking program.
Seoul Sanctions North Korea Over Crypto Theft
[Feb 12, 2023 5:00 AM] South Korea has imposed sanctions on the North in relation to a number of cyberattacks often resulting in the theft of cryptocurrency. The authorities in Seoul say the regime in Pyongyang is using the digital assets to fund its nuclear and missile…
South Korea sets independent sanctions for crypto theft against North Korea
[Feb 10, 2023 3:26 AM] The sanctions against several well-known individuals and hacking groups came just hours after S. Korea announced a joint cyber venture with U.S. intelligence agencies against ransomware threats.
North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils
[Feb 7, 2023 11:30 PM] The regime in North Korea has managed to steal more cryptocurrency last year than in previous years, according to a draft U.N. report. Despite the difference between quoted estimates, the authors conclude that 2022 was a record-breaking year for…
South Korean regulator provides guidance on security tokens
[Feb 6, 2023 2:05 AM] Digital assets that fit the descriptions for security tokens will be regulated under the country’s Capital Markets Act.
Binance re-enters South Korea with GOPAX exchange
[Feb 3, 2023 4:31 AM] With the new capital, Binance plans to enable customer withdrawals and interest payments for Gopax’s yield product GoFi.
Korean Government to Adopt Cryptocurrency Tracking System Within 5 Months
[Jan 30, 2023 9:30 PM] The South Korean government will adopt a cryptocurrency tracking system within the first half of this year, the country’s Ministry of Justice reportedly announced. The tracking system will be used to monitor and analyze crypto transactions…
Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30
[Jan 30, 2023 2:05 PM] Even though this winter continues to stress test the case for Bitcoin advocation, some lawmakers strive to put their names on the crypto hot list.
South Korea to deploy cryptocurrency tracking system in 2023
[Jan 29, 2023 1:37 AM] The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance.
South Korean prosecutors request arrest warrant for Bithumb owner: Report
[Jan 25, 2023 1:30 PM] One of the country’s largest crypto exchanges has fallen under investigators’ scrutiny over allegations of embezzlement by company executives.
City of Busan to establish digital assets exchange: Report
[Jan 19, 2023 2:00 PM] The Busan Digital Asset Exchange Establishment Promotion Committee said it plans to create a functional exchange by the end of the year.